December 30, 2017 09:40 am PST
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/3kQDOFYPKpU/cooccurrence-not-causation.html
All that stuff that was "killed by the net"? The real culprit was hedge funds
The web blew up at the same time as the Reagan/Clinton/Bush financial bombs were detonating, leading to a huge private equity bubble in which super-wealthy Americans used debt financing and other forms of financial engineering to buy out successful companies, then hollowed them out, selling off their real-estate and plant, loading them up with debt, and raiding their reserve funds. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/3kQDOFYPKpU/cooccurrence-not-causation.html
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